Standard Chartered PLC IDRS Message Board (Page 17)

PRICE BAND 100-115CMP AT LSE PER SHARE GBP 16.13 SO RATE PER IDR = GBP 1.61, IN RUPPE TERM 1.61*67.85 = RS.109/SH

SHARE PRICE IN LSE IS EXPECTED TO MOOV UP IN NEXT 10 DAYS TO AROUND GBP 17.00

BUT THE ISSUE IS NOT ATTRACTIVE AT 115 FOR RETAIL INVESTOR EVEN IF WE CONSIDER 5% DISCOUNT.

AT YESTERDAY'S CLOSING PRICE AT LSE RATE COMES TO RS.109 PER IDR AND ISSUE IS COMING AT RS.115 THIS PRICE ALSO TAKES INTO CONSIDERATION THAT SHARE PRICE IN LSE IS EXPECTED TO MOOV UP IN NEXT FEW DAYS TILL IPO IS OPEN, ONCE THE IPO IS CLOSED AND IF GLOBAL MARKETS DO NOT STABLISES SHARE MAY FALL IN LSE AND HERE IN INDIA WE MAY LOOSE IN IDR.

AT RS. 100 AND NET RATE AT 95 THE ISSUE IS GOOD IT FACTORS FALL IN TO SHARE AT LSE TILL GBP 14/ SH WCICH IS 12% LOWER THAN CMP OF GMP 16.13

SO IF WE CONSIDER THAT SH ON LSE DO NOT FALL AND RISES MUCH TILL IDR LISTED MEANS IDR LISTING PRICE SHOULD BE 109 AND IF ISSUE PRICED AT 115 WE WILL LOOSE 6/SH, BUT IF PRICED AT 100 AND NET AT 95 WE WILL MAKE 14/SH

SO APPLY ONLY AT 100 OTHERWISE LOOKING AT VOLATILE MARKETS GLOBALY WE MAY BE CHOPED OUT

RIL STOCK IS WEAK BECAUSE OF OIL COMMING DOWN TO 64 DOLLARS AN BARREL BUT NOW THEY ARE SHOWING COURT ORDER AND NEGOTIATION BETWEEN TWO BROTHERS WILL BENEFIT RIL THIS IS BEING TOLD BY BROKERS SO THAT RIL MAY NOT DOWN TO RS 750